LME nickel price trend on May 28th

Nickel ore market weekly comment(May 25th-May 29th): The prices of Laterite-Nickel ore was stable this week

Electrolytic nickel market weekly comment(May 25th-May 29th) LME nickel price dropped down in general, the price of electrolytic nickel was relatively stable

The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 541.09 points on Tuesday, up 0.05 percent compared with the previous working day.

In April, China exported 10091.962 tons of ferrosilicon (>55) to Japan, accounting for 24.55% and 8156.48 tons to Korea, accounting for 19.84%.

In Jan-Apr, 2020, China exported a total of 7400.275 tons of ferrosilicon (≤55%), a decrease of 38.12% year on year.

In Jan-Apr, 2020, Japan imported 133461.152 tons of ferrosilicon (>55%), a decrease of 13.01% year on year.

Shanxi provincial authorities have shown resolute determination in optimizing industrial structure to promote high quality development.